9 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $19,000. Budgeted cash receipts total $191,000 and budgeted cash disbursements total $190,000. The desired ending cash balance is $34,000. The excess (deficiency) of cash available over disbursements for July will be: Multiple Choice $20.000 O $18,000 O $1,000 O $210,000 10 Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During April, expected cash receipts are $68,000. Cash disbursements during the month are expected to total $82,000. Ignoring interest payments, during April the company will need to borrow: Multiple Choice $10.500 O $5,500 O $16,000 O O $14,000